Is it possible for the Cool Cats to still be Blue Chips? Not only did the collection fall on difficult times, but all NFT projects have. We’re in a bear market, after all. Cool Cats is managed by a Hollywood agency. NFT NYC’s coolest exhibitTIME magazine collaborated in an NFT drop. Still, the collection’s floor price is down to levels not seen since the project’s conception.
In July 2021, the Cool Cats began spreading positive vibes. It’s a PFP collection consisting of 9.999 unique cats assembled from various traits that formed 300K possibilities total. Recently, the ecosystem has expanded in two important ways. The Cool Pets secondary collection was also launched. They also created their own token, $MILK. The new coin is the blood of the gamified experience that the collection’s creators have been releasing.
— Mike Tyson (@MikeTyson) July 9, 2021
The core team is: the smart contract programer Tom Williamson, web developer Rob Mehew, creative director Evan LuzColin Egan, illustrator AKA The Cartoonist. Mike Tyson, the fifth official member of this band, is Mike Tyson. Mike Tyson, the eternal heavyweight champion, changed his profile photo on Twitter to one of Cool Cats. This helped propel the collection right when it was most needed.
The relationship between Cool Cats & CAA
The Cool Cats moved to Hollywood in March 2021. The creators signed with CAA, a leading talent agency at that time. The creators signed with CAA, a leading talent agency. An official press release issued by TimeIn detail, the agreement was described by the partners.
“Leading entertainment and sports agency Creative Artists Agency (CAA) has signed Cool Cats, producers of the widely known Cool Cats and Cool Pets NFT collections. In collaboration with the gamified NFT company, the agency will identify and create opportunities for Cool Cats characters across an array of areas, including licensing and merchandising, animated content, brand partnerships, live events, publishing, and more.”
So, there’s serious money and interests behind the cats. Then, why are they disappearing into the background? Does it simply reflect the bear market?
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Cool Cats ’ got utility
First of all, Cool Cats holders get their NFT’s property rights. That means, they can produce commercial projects with their NFT’s images. Cool Cat owners also get access to the project’s Discord server, and priority for all of the exclusive Cool Cats events and mints. Holders can stack their NFTs and get yield in $MILK.
Cooltopia also offers a benefit: you can access the project. They define as “a gamified ecosystem built on interactivity and utility, community rewards and growth, collaboration with brands, and much more.” Another self-definition has Cooltopia as a “place where having a Cool Cats NFT grants you evolving access to games, tokens, community events, collaborations, and more.”
Plus, there’s the Cool Pets side project. NFT holders get a bonus and newcomers can enter the ecosystem for a much lower price. Cool Pets has 19999 units. Each holder received a pet free of charge. The other half was sold by the public. First, the Cool Pets came as an egg picture. Once it hatches, it reveals its final NFT. Four elements are used to divide the pets into Fire, Water and Air.
The token $MILK
ERC20 token $MILK on both the Ethereum and Polygon Blockchains. It’s the oil that greases Cooltopia’s gamified economy. According to Documentation:
- “$MILK is the key to all sorts of functionality and fun in the Cool Cats ecosystem, from buying Battle or Housing chests to going on quests.”
- “$MILK is also how you’ll enhance and evolve your Cool Pets.”
- This one describes the NFTs staking-like mechanism: “Your Cool Cat is earning $MILK just by being cool (the $MILK claiming clock begins as soon as the contract is deployed), and that $MILK will accumulate over time.”
Controversy And Suspicion
There’s something strange going on with this project. Recenty, after only three months of being appointed CEO, he resigned. The reason was not credible. This collection just tweeted, “Chris Hassett has stepped down as CEO. We thank him and wish him the best moving forward.” Is there something rotten in the Cool Cats headquarters?
And then there’s the price. The Cool Cats’ floor price in October 2021 was 26 ETH at its peak. A little over a year later. The floor Cool CatsAre trading at 2.9 ETH. That’s not all, The Cool Pets’ floor price is 0.18 ETH. Are those Blue Chip numbers true? Even though we’re basically in the middle of a crypto winter, the collection seems to be falling off a cliff…
Are the Cool Cats going to land on their feet soon?
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